With Thanksgiving behind us, the holiday season is in full swing. At this time of year, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s a good idea to understand the tax rules associated with these expenses.

a close up photo of a green christmas tree with red and pink glass ornaments with two brown-haired women in the background; image used for a blog post about tax breaks from holiday parties and gifts

Are they tax deductible by your business and is the value taxable to the recipients?


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